Every quarter, The PMI Group Inc. releases their risk index, which basically measures the likelyhood of a decline in average home price over the next two years. The Fall 2008 Risk Index was released this morning.

Just thought I would post the fact that the Greenville-Spartanburg-Anderson area continues to have a "less than 1% risk of decline in average sale price over the next 2 years."

Ever since I started checking this risk index, our market has held the same "minimal" rating for risk of decline. In fact, I have compiled more than 5 years worth of data from the Greenville MLS, which completely supports The PMI Group's risk index.

With all of the doom and gloom in the national media, I thought I would post this information here, since it contradicts most of what we hear, even on our local news.

Cameron Keegan
Prudential C. Dan Joyner
Greenville SC Real Estate

Source: http://media.corporate-ir.net/media_files/irol/63/63356/pmi_eret_fall08.pdf